Closing Note
updated 2026-07-24 14:52 UTC

MLM — oversold signal, 22 May

long term
RSI(2)24.5
RSI(14)27.5
Close $ · flag day536.48
Off 20-day high−14.7%
Avg volume0.5M

What followed

DateClose $ 5-day avg.vs flag close
22 May536.48540.97+0.0%
26 May560.93542.00+4.6%
27 May574.39550.35+7.1%
28 May575.14556.98+7.2%
29 May581.64565.72+8.4%
01 Jun570.96572.61+6.4%
02 Jun576.93575.81+7.5%
03 Jun583.15577.56+8.7%
04 Jun580.86578.71+8.3%
05 Jun575.83577.55+7.3%
08 Jun553.98574.15+3.3%

The rule flags the close; the strategy's exit is the first close above the 5-day average, or six trading days, whichever comes first. Shown for research — not every flag is traded.

Research chart

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From the oversold list of 22 May. The freshest lists go out in the daily alert at 21:30 CET.